(Bloomberg) -- European stocks gained for a second day after a rally in oil prices and continued takeover speculation lifted energy companies.
Cairn Energy Plc climbed after Citigroup Inc. advised buying the shares, citing speculation it will be bought. Cadbury Schweppes Plc jumped to a record after the Daily Telegraph said private-equity groups may bid for the company's U.S. drinks unit. British Airways Plc led airlines lower after it reported a loss.
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